BANR

MKT CAP:$2B

Banner Corporation

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$66.30+$3.83 (+6.13%)

Apr 24, 2026

Company Details

Banner Corporation operates as the bank holding company for Banner Bank that provide commercial banking and financial products and services to individuals, businesses, and public sector entities in the United States. It accepts various depo...

CEO

Mark J. Grescovich

IPO Date

Nov 1, 1995

Website

www.bannerbank.com

Key Metrics TTM

Revenue

$847M

+2.3% YoY

Net Income

$197M

EPS (Diluted)

$5.70

Free Cash Flow

$225M

Revenue / Share

$24.71

Gross Margin

56.7%

Operating Margin

28.7%

Net Margin

23.2%

FCF Margin

26.6%

P/S

2.7x

P/E

11.5x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$198M-6.0%EPS $1.60

Q4 2025

Feb 25, 2026

$220M+2.5%EPS $1.49

Q2 2025

Aug 5, 2025

$218M+6.2%EPS $1.31

Q1 2025

May 6, 2025

$211M+8.4%EPS $1.30

FY 2024

Feb 26, 2025

$827M+11.5%EPS $4.88

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$144M	$146M	$54M
Q2 22	$154M	$145M	$60M
Q3 22	$167M	$156M	$61M
Q4 22	$178M	$165M	$66M
Q1 23	$175M	$162M	$68M
Q2 23	$180M	$144M	$49M
Q3 23	$191M	$152M	$57M
Q4 23	$196M	$148M	$53M
Q1 24	$194M	$142M	$46M
Q2 24	$205M	$146M	$49M
Q3 24	$213M	$151M	$56M
Q4 24	$215M	$156M	$58M
Q1 25	$211M	$155M	$56M
Q2 25	$218M	$157M	$56M
Q4 25	$220M	$168M	$64M
Q1 26	$198M	$0	$68M

Valuation

Quarter	P/S	P/E
Q1 22	3.3x	10.4x
Q2 22	3.1x	10.1x
Q3 22	3.4x	10.9x
Q4 22	3.3x	11.0x
Q1 23	2.7x	8.9x
Q2 23	2.2x	7.8x
Q3 23	2.0x	7.3x
Q4 23	2.4x	9.7x
Q1 24	2.1x	9.8x
Q2 24	2.2x	10.2x
Q3 24	2.5x	12.4x
Q4 24	2.8x	13.6x
Q1 25	2.6x	12.5x
Q2 25	2.6x	12.2x
Q4 25	2.6x	11.8x
Q1 26	2.4x	10.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	-$28M	-$32M
Q1 22	$51M	$47M
Q2 22	$65M	$61M
Q3 22	$42M	$37M
Q4 22	$81M	$78M
Q1 23	$75M	$73M
Q2 23	$43M	$40M
Q3 23	$72M	$65M
Q4 23	$68M	$65M
Q1 24	$51M	$49M
Q2 24	$79M	$74M
Q3 24	$64M	$60M
Q4 24	$99M	$95M
Q1 25	$57M	$56M
Q2 25	$55M	$52M
Q4 25	$25M	$22M

Capital Expenditures

Quarter	CapEx
Q4 21	$4M
Q1 22	$3M
Q2 22	$4M
Q3 22	$5M
Q4 22	$2M
Q1 23	$2M
Q2 23	$4M
Q3 23	$6M
Q4 23	$3M
Q1 24	$2M
Q2 24	$4M
Q3 24	$3M
Q4 24	$4M
Q1 25	$2M
Q2 25	$3M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-6.8%	-6.9%
Q2 22	-3.6%	+2.3%
Q3 22	+2.4%	+4.9%
Q4 22	+16.1%	+18.9%
Q1 23	+21.9%	+18.7%
Q2 23	+17.0%	+39.2%
Q3 23	+14.3%	+26.6%
Q4 23	+9.6%	+27.0%
Q1 24	+11.0%	+38.8%
Q2 24	+14.0%	+18.9%
Q3 24	+11.4%	+16.8%
Q4 24	+9.9%	+10.2%
Q1 25	+8.4%	+4.7%
Q2 25	+6.2%	+3.8%
Q4 25	+3.4%	-0.3%
Q1 26	-7.9%	-16.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$2M	1.5%
Q1 22	$2M	1.4%
Q2 22	$2M	1.5%
Q3 22	$2M	1.3%
Q4 22	$2M	1.3%
Q1 23	$2M	1.2%
Q2 23	$2M	1.3%
Q3 23	$2M	1.3%
Q4 23	$2M	1.2%
Q1 24	$2M	1.1%
Q2 24	$2M	1.2%
Q3 24	$3M	1.2%
Q4 24	$3M	1.3%
Q1 25	$2M	1.1%
Q2 25	$3M	1.2%
Q4 25	$17M	7.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$61M	$461.0K
Q2 22	$62M	$822.0K
Q3 22	$64M	$1M
Q4 22	$62M	$1M
Q1 23	$63M	$806.0K
Q2 23	$65M	$940.0K
Q3 23	$64M	$1M
Q4 23	$63M	$2M
Q1 24	$65M	$1M
Q2 24	$67M	$1M
Q3 24	$65M	$1M
Q4 24	$65M	$2M
Q1 25	$68M	$590.0K
Q2 25	$65M	$1M
Q4 25	$104M	$2M
Q1 26	—	$673.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.2B	$3.1B	$4.3B
Q3 22	$822M	$3.0B	$3.8B
Q4 22	$243M	$2.8B	$3.0B
Q1 23	$243M	$2.7B	$2.9B
Q2 23	$281M	$2.5B	$2.7B
Q3 23	$252M	$2.3B	$2.5B
Q4 23	$254M	$0	$254M
Q1 24	$209M	$2.2B	$2.5B
Q2 24	$247M	$2.2B	$2.4B
Q3 24	$479M	$2.2B	$2.7B
Q4 24	$502M	$23M	$525M
Q1 25	$442M	$31M	$473M
Q2 25	$483M	$38M	$522M
Q3 25	$673M	$0	$673M
Q4 25	$183M	$43M	$226M
Q1 26	$180M	$2.0B	$2.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	35M	+0.1%	-2.0%
Q2 22	34M	-0.4%	-1.4%
Q3 22	34M	-0.1%	-0.7%
Q4 22	34M	+0.1%	-0.4%
Q1 23	34M	+0.1%	-0.4%
Q2 23	34M	-0.1%	-0.1%
Q3 23	34M	+0.1%	+0.0%
Q4 23	34M	+0.1%	+0.1%
Q1 24	35M	+0.1%	+0.2%
Q2 24	35M	+0.0%	+0.4%
Q3 24	35M	+0.3%	+0.6%
Q4 24	35M	+0.3%	+0.8%
Q1 25	35M	+0.1%	+0.7%
Q2 25	35M	-0.1%	+0.6%
Q4 25	34M	-1.0%	-0.7%
Q1 26	34M	-0.4%	-1.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$74.2K	2K
Q2 22	$79.5K	2K
Q3 22	$86.4K	2K
Q4 22	$90.2K	2K
Q1 23	$88.5K	2K
Q2 23	$91.1K	2K
Q3 23	$96.6K	2K
Q4 23	$98.9K	2K
Q1 24	$98.3K	2K
Q2 24	$103.8K	2K
Q3 24	$107.7K	2K
Q4 24	$111.6K	2K
Q1 25	$109.4K	2K
Q2 25	$113.3K	2K
Q4 25	$114.1K	2K
Q1 26	$102.5K	2K

Revenue / Employee